DBRS Assigns Ratings to CIT Equipment Trust – VFC Series IV

DBRS has assigned a AAA (sf) rating to the certificates issued by CIT Equipment Trust – VFC Series IV. The CIT VFC IV certificates have been issued in an amount of up to $1,000,000,000. The CIT VFC IV assets are a revolving pool of diversified equipment leases. The committed revolving period of the facility expires in March 2013 and the facility has a final maturity in 2020. Barclays Bank PLC continues to serve as Administrative Agent with three additional banks as committed lenders.

Note:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating U.S. Equipment Lease and Loan Securitizations, which can be found on our website under Methodologies.